Did Phantom Brave not sell well in the US? The IGN article made it sound like they wanted to distance themselves from Phantom Brave and play up the similarity to Disgaea, while the name and RPGamer article made it sound like a sequel to PB.

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"Why did the chicken cross the Mobius strip? To get to the same side." - The Big Bang Theory

The given description of the plot is rather Disgaea-like - Evil Overlord trying to take power again, but the battle system seems to still take its cues from Phantom Brave - one of the IGN screenshots looks like you're confining phantoms into items within a given radius of a summoned building(?). But hey, at the very least, they have prinnies. Prinny dood.